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JUST IN: North Carolina has taken another step in the growing trend of US states considering incorporating Bitcoin into their public treasuries.
A bill has already passed its first reading in the Senate and proposes a strategic reserve managed by the state treasurer, with strict rules for custody, auditing, and use.
Senate Bill 327 would allow up to 10% of the state's public funds to be allocated to BTC.
The proposal includes multi signature cold storage, monthly audits, and quarterly reports.